After finishing at $2.80 in the prior trading day, Nine Energy Service Inc (NYSE: NINE) closed at $2.66, down -5.00%. On the day, 768885 shares were traded.
Ratios:
Our goal is to gain a better understanding of NINE by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 3.05 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 4.49. For the most recent quarter (mrq), Quick Ratio is recorded 1.56 and its Current Ratio is at 2.22.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Citigroup on December 15, 2020, Upgraded its rating to Neutral and sets its target price to $3 from $1 previously.
Goldman Downgraded its Buy to Neutral on March 27, 2020, whereas the target price for the stock was revised from $9 to $1.25.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Mar 13 ’24 when Sirkes Guy sold 16,709 shares for $2.19 per share. The transaction valued at 36,609 led to the insider holds 117,918 shares of the business.
Fox Ann G sold 216,704 shares of NINE for $470,248 on Mar 12 ’24. The insider now owns 508,783 shares after completing the transaction at $2.17 per share. On Aug 11 ’23, another insider, Crombie David, who serves as the insider of the company, sold 40,657 shares for $4.60 each. As a result, the insider received 187,022 and left with 209,075 shares of the company.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 0.15.
Stock Price History:
Over the past 52 weeks, NINE has reached a high of $5.59, while it has fallen to a 52-week low of $1.78.
Shares Statistics:
A total of 35.32M shares are outstanding, with a floating share count of 28.84M. Insiders hold about 18.35% of the company’s shares, while institutions hold 57.77% stake in the company.
Earnings Estimates
Its stock is currently analyzed by NIFE different market analysts. The consensus estimate for the next quarter is $231.46, with high estimates of $35.20 and low estimates of $2.66.
Analysts are recommending an EPS of between $Healthcare and $Energy for the fiscal current year, implying an average EPS of $Technology.
